First State Diversified Growth
Fixed allocations to equity and bonds leave investors at the mercy of global markets dynamics where the role of luck tends to be underestimated; especially in the short term. In a continually changing political and economic environment where the amount of global debt is at an all-time high, what happens if interest rates and borrowing costs increase? If equities catch a cold, are sovereign bonds going to provide the cough medicine?
Andrew Harman, Senior Portfolio Manager First State Investments
Baillie Gifford Managed Fund
Why Optimism Matters
Against a backdrop of complexity, the Baillie Gifford Managed Fund is a simple, successful and good value proposition. Asset allocation reflects the Fund’s aim to deliver capital growth over rolling five-year periods - the majority is typically invested in Baillie Gifford’s best regional equity investment ideas, with our global bond portfolio adding balance and cash used tactically as required. The success of the Fund is attributable to the consistency with which we have applied our active, optimistic and long-term approach since 1987.
Lucy Haddow, Client Services Manager Baillie Gifford
The Kennels at Goodwood
4th March 2020
Kennel Hill, Chichester PO18 0PX